Question : In the context of agricultural production, MSP refers to:
Option 1: Minimum Selling Price
Option 2: Minimum Support Price
Option 3: Maximum Support Price
Option 4: Maximum Selling Price
New: SSC Stenographer Application Form 2024 Released
Don't Miss: Month-wise current affairs
Suggested: Upcoming government exams
Correct Answer: Minimum Support Price
Solution : The correct answer is Minimum Support Price.
The Minimum Support Price, also known as MSP, is a price set by the government for certain agricultural products or crops to protect farmers from sudden drops in prices. It is the rate at which the government purchases crops or produce from the farmers.
Related Questions
Know More about
Staff Selection Commission Stenographer ...
Application | Eligibility | Dates | FAQs
Get Updates Brochure
Your Staff Selection Commission Stenographer Grade C & D Exam brochure has been successfully mailed to your registered email id “”.
